A level 1.2

The diagram represents a

• shift in demand

• movement along the demand curve

A new study has shown that avocados are extremely healthy. The demand for avocados has increased due to a change in

• market size
• price of a substitute good
• price of a complementary good
• tastes and preferences 

The product is Tesco's own brand baked beans. Which 2 factors could have caused the demand to decrease?

• incomes increased

• expectation that prices will increase

• a decrease in the price of a substitute

• increase in market size

Which graph below shows the SUPPLY CURVE?

• A
• B
• C
• D

The diagram represents a(n)

• increase in supply
• decrease in supply
• change in quantity supplied
• none of the above

The Law of Supply states:

• as price increases, supply increases
• as prices decrease, supply increases

Which of the following would not shift the supply curve for iphones?

• an increase in the price of iphones
• a decrease in the number of sellers of iphone
• an increase in the price of plastic, an input into the production of iphones
• an improvement in the technology used to produce iphones

New robot increase efficiency for Autos

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Cost of Steel decreases

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Government gives Car producers Subsidies

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